Review and Update of Important Dodd-Frank Provisions

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) is one of the most significant consumer financial protection laws in the history of the country.

One of the main elements of Dodd-Frank is the creation of the Consumer Financial Protection Bureau (CFPB), along with the consolidation of most federal consumer financial protection laws under the authority of the CFPB and the creation of supervisory authority over non-bank mortgage lenders.

This webinar will address why companies offering consumer financial products or services should pay attention to the various examination manuals issued by the CFPB.

The live webinar also will address the broad grant of authority under Dodd-Frank to the CFPB to address unfair, deceptive and abusive acts and practice, including the limited guidance that exists and lessons learned from certain CFPB enforcement actions.

The live webinar will provide an update on the CFPB ability to repay rule for mortgage loans, and qualified mortgages that have a more favorable status under the rule. Finally, the live webinar will address the RESPA/TILA integrated disclosure rule that combines the application and closing disclosures under the statutes effective August 2015.

Agenda

CFPB Supervision and Examination Manual

General Approach

Themes

Use as a Resource

Unfair, Deceptive and Abusive Acts and Practices

CFPB Rule

Unfair

Deceptive

Abusive

Legal Standards and Regulatory Guidance

CFPB Enforcement Actions

Lessons Learned

Effective Compliance Programs and Protection

Status of the CFPB Ability to Repay/Qualified Mortgage Rule and Related Rules

Editor-in-chief, Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; wrote chapters on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act; and co-wrote the Equal Credit Opportunity Act and Truth in Lending Act chapters